Tracey McDermott, former acting chief executive of the Financial Conduct Authority (FCA), is to join Standard Chartered as group head of corporate, effective on 20 March.
McDermott's (pictured) role at the bank will be to build up its relationships with regulators and policymakers. She will report to group CEO Bill Winters and will join the bank's global management team.
She said: "The opportunity to join the bank at this critical point in its history, and in a time of global change, is one which was too good to miss."
McDermott was acting chief executive of the UK financial regulator between September 2015 and June 2016, but left after deciding not to join the race to keep the top job permanently.
In her role at Standard Chartered, she will work closely with Winters and group chairman Jose Vinals to strengthen the bank's regulatory relationships, as well as with group chief risk officer Mark Smith to manage reputational risks.
Winters commented: "Her strong leadership skills, together with a combined experience of bank supervision, regulation and policy development is outstanding, and she will play a critical role in further enhancing our relationships with regulators and policy makers."
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